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The new report “Global Fetal and Neonatal Care Equipment Market Assessment & Forecast: 2015-2019” by Spearhead Acuity Business Research & Consulting group reveals that North America continued to lead global fetal and neonatal market with a share of 36.4% in 2014 that translated into revenues worth US$ 1,176.0 million.
Along with North America, the report also covers market analysis for Fetal and Neonatal care equipment in five other regions of Europe, Asia-Pacific, Latin America, Middle-East and Africa. Growth in Asia-Pacific, Latin America, Middle-East and other emerging economies is expected to be driven by the rising birth rates, increase in demand for technologically advanced fetal monitoring products and an improvement in the healthcare infrastructure in these regions with an aggregate CAGR of 7.1% from 2015 to 2019. Over 80% pregnancy complications and deaths are observed in developing countries. According to a study in United States, there is a definite increase birth for women ages 35 to 39 that rose to 78.5 births per 1,000 women in 2008 from 67.5 in 2000, which medical history has shown a highly elevated risk of birth complications. The major revenue earning regions were the developed countries and regions such as United States, Canada, Japan, and the European Union. In the recent trends emerging nations and regions have begun picking up the pace for adopting high end medical technologies in government and private hospitals considering the plight of women in rural and remote developing countries.
The report provides in-depth analysis into different product and technology segments such as portable and wireless ultrasound fetal dopplers, fetal heart rate monitors, intrauterine pressure catheters, fetal pulse oximeters, neonatal intensive care units, incubators and warmers and other equipment. In terms of key player competition, the global fetal and neonatal monitoring devices market is fragmented due to existence of multiple small and large players. In 2014, Philips Healthcare, GE Healthcare, Draeger and Covidien were the top market leading companies. Some of the other major players in the global fetal and neonatal monitoring devices market include Draeger Medical, SpaceLabs Healthcare, Masimo, BabyBeat, Summit Doppler (Wallach) and notable smaller players such as SonoTrax, Nonin, Nellcor, etc.
Neonatal respiratory and resuscitation segment accounted for the largest share in terms of revenue in 2014. Respiratory care devices are crucial for assistance of pre-term infants to prevent respiratory distress. Along with the rise of neonatal respiratory care equipment manufacturers, there is also a definite increase of companies operating in testing equipment and simulators such as Fluke Biomedical and Gaumard. High cost of incubators has led to a significant rise of the refurbished equipment market. Although not analyzed in this report, the refurbished healthcare devices market is also acting as a major challenge to new device sales in developing countries. Developing countries account for a huge portion of preterm births which are at a high risk of developing respiratory conditions, jaundice management, warming solutions and neonatal monitoring. Significant M&A have remained low for the last two years in the fetal neonatal care equipment market. However opportunities are available with the advent of new smaller companies and moderate to large manufacturers are resorting to calculated M&A strategy in order to tap into regional markets and/or acquire technology rights.
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